The Week in Deals
3 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Oct 28 | Project & Portfolio M&A | Solar+BESS | — | Clearway Energy | $155M | TX | Closed | Clearway acquires cash and tax equity interests in 500 MW solar+storage project. Underpinned by 20-year PPA with Dell and 15-year PPA with Universal. KeyBanc arranged $665M credit facilities. COD expected 2025. | |
| Oct 25 | Corporate M&A | Solar | Lightsource BP minority shareholders | BP | $519M | Multi-state | Closed | BP acquires remaining 50.03% of Lightsource BP for GBP 400M ($519M), consolidating full ownership. Lightsource BP has 62 GW development pipeline, operations in 19 markets, 576 MW operational in Texas. Retains standalone operating model and brand. | |
| Oct 24 | Power Purchase & Offtake | Solar | ENGIE North America | 90 MW | TX | Announced | Fifth renewable energy project under agreement between ENGIE and Google globally. Google purchasing portion of 350 MW facility output. |
Change of Control
1 moveMike Discenza joined as Chief Financial Officer at Cypress Creek Renewables (from President, Transurban North America)
Discenza joined Cypress Creek (then under CEO Sarah Slusser) initially in an interim capacity in May, before being named permanent CFO in November 2024. He previously served as CFO and then President at Transurban-North America.
Nov 1
Prefer the email view? Open the original email →
Get the next issue in your inbox
Free, every Monday. Unsubscribe anytime.